Lenders led by State Bank of India to ailing Jain Irrigation Systems Ltd (JISL) have completed restructuring of debt worth Rs 3,878 crore. The debt recast covered aspect like converting about 40 per cent of the total...
Hyundai, Daewoo tie-up gets EU antitrust veto
Hyundai Heavy Industries proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world’s biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would...
Polymer maker Kraton explores sale of the company -sources
Kraton Corp, a U.S. manufacturer of polymers used in adhesives, coatings and personal care products, is exploring options that include a potential sale of the company, people familiar with the matter said on Tuesday...
EU sets July 2 deadline for decision on Cargotec-Konecranes deal
EU antitrust regulators will decide by July 2 whether to clear the merger of Finnish engineering company Konecranes and cargo handling machinery maker Cargotec. The companies, which announced the deal in October last...
Patni family office, Baring Private Equity to invest Rs76 cr in PG Electroplast
The board of PG Electroplast Limited (PGEL) at its meeting held on Tuesday approved raising ₹76.6 crore through compulsorily convertible debentures (CCD) and preferential allotment of equity shares, the company said in...
China’s XCMG says agreed with Tsingshan Group to invest in $843 million new energy project
Xuzhou Construction Machinery Group Co Ltd (XCMG) said it has agreed with Tsingshan Holding Group Co Ltd to invest in a 5.5 billion yuan ($843 million) new energy vehicle (NEV) project in the eastern Chinese city of...
EPL Ltd to acquire Creative Stylo Packs; to pick 72.5% stake
The board of EPL Limited, formerly Essel Propack Ltd, has approved the acquisition of Creative Stylo Packs Ltd in a part-cash and part-stock transaction. Creative Stylo Packs is an established manufacturer of corrugated...
Japan’s Kyokuto Kaihatsu Kogyo acquires Bengaluru-based Satrac Engineering
Japan’s construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Satrac Engineering, a Bengaluru-based manufacturer of special-purpose vehicles such as truck tipper bodies, trailers, and tank trucks in...
Sweden’s Atlas Copco agrees to buy Perceptron to expand into machine vision
Sweden’s Atlas Copco said on Monday it had agreed to buy U.S group Perceptron, a supplier of automated metrology products, for 630 million Swedish crowns ($69 million) to expand in machine vision and factory...
Government raises Rs 770 cr from Bharat Dynamics stake sale
The government has raised Rs 770 crore from stake sale of ammunition and missile systems manufacturer Bharat Dynamics Ltd through an offer for sale, which concluded on Wednesday. “BDL OFS concluded today with a total...
Murugappa Group’s Tube India makes winning bid for CG Power in Swiss challenge
Murugappa group’s Tube Investments of India Ltd has been declared as the successful bidder for acquiring the majority stake in stressed power equipment maker CG Power and Industrial Solutions Ltd, the company said...
After KKR, L&T Finance, now Yes Bank sells CG Power shares worth ₹76 crore
Private sector lender Yes Bank Ltd on Tuesday, offloaded 5.18 crore shares or 8.27% equity stake in CG Power & Industrial Solutions Ltd for ₹76 crore, via open market transactions, joining other institutional...
